With all the tear-downs, lot partitions, and mega-house sore thumbs popping up in every neighborhood, people are wondering, where will all the median-income people live? Where will the young, first-time buyers live? * Where will the kids, the people on fixed incomes, the families, the city's income-diversity go?
What started in a couple of neighborhoods has escalated to mass mailings to homeowners in all parts of town: Unsolicited offers to buy one's home, all cash. Though not specific, the message is clear: We don't care about your home, its architectural significance or design, the loving care you gave it over many decades, the kids you raised there, the show-worthy garden and tall trees, or even how valuable it is in today's market. We just want your land.
Real estate data for Lake Oswego, as of 3/20/2016
Median price of homes listed for sale in Lake Oswwgo: $799,000 | Price per square foot: $250
Total number of homes listed for sale: 177
Number of single family homes for sale: 145
Number of homes under $399,999: 3
Number of homes between $400,000 and $499,999: 12
Number of homes between $500,000 and $749,999: 36
Number of homes between $750 and $1,000,000: 31
Number of homes over $1,000,000: 63
Most expensive home: $15,000,000 @ 13,462 SF. 1500 North Shore Rd.
Next 4 top-priced homes: $6.9 M, $5.95 M, $5.45 M, $4.35 M
Number of condos (and townhouses) listed for sale: 25
Number of condos under $200,000: 11
Number of condos between $200,000 and $299,999: 6
Number of condos between $300,000 and $399,999: 3
Number of condos between $400,000 and $1,000,000: 3
Number of condos over $1,000,000: 2
* The answer to where young people are going to buy their first homes is..... Pittsburgh.